May. 14, 2022
Dear Chair Gary Gensler, I am writing in support of proposal S7-10-22 that will require companies to disclose audited greenhouse gas emissions in much the same way they are required to disclose audited financial reports. The SEC must approve the proposal requiring disclosure of climate-related risks, and metrics reflecting those risks. Climate-related risks have reached historic and catastrophic levels. Voluntary guidance is inadequate. Existing disclosures do not adequately protect investors and shareholders who want to monitor the extent to which a company's behavior is consistent with its public statements. The current disclosures make it difficult for investors and shareholders to make investment or voting decisions aligned with their risk tolerances or ESG concerns. Many companies publish sustainability reports but few include emissions data in their SEC filings. Consistent, comparable and verifiable disclosures on material climate-related risks will serve both investors and capital markets. I support requiring reporting of Scopes 1, 2, and 3 emissions, with a safe harbor from liability for reporting on Scope 3 emissions for one year. It is imperative that companies are responsive to shareholders and base their decisions on mitigating climate chaos. Sincerely, Sincerely, Margaret Beegle 550 Varner Cir N Golden Valley, MN 55427-4847 beegle@louberts.com